Examlex

Solved

Match Each Term to the Correct Descriptor

question 36

Multiple Choice

Match each term to the correct descriptor. Terms may be used more than once or not at all.
-Results in elevation of the velum


Definitions:

Average Propensity

The ratio of total spending (consumption or saving) to total income, indicating how income is distributed across different economic activities.

Marginal Propensity

The measure of how much consumption changes with a change in disposable income, indicating the proportion of additional income that is spent on consumption.

Consumption Spending

The total value of all goods and services consumed by households over a specified period.

Marginal Propensity

The ratio of the change in an economic variable (such as consumption or saving) in response to a change in another variable (such as income).

Related Questions